Investor's Opinion

July and August Quietness

Published: 2015-08-15 17:09:00 EDT by Brandon Bernal

The months of July and August were quiet except for the ledger recording my regularly scheduled deposits, dividend receipts, and a single trade in August. My trade in August was similar to my solitary trade in June. I simply added to an existing position.

My trade was a BTO of PG on the 5th of August. My reasoning for adding to an existing position of PG is simple. PG is a dividend paying stock that I have a level of confidence that it will continue to pay its dividend. It's a non durable consumer goods company that produces personal hygiene products for a civilized world. Although it has gone down with the softened market this summer, the number of personal hygiene products purchased should start going back up because of teachers/professors and students returning to the personal hygiene aisle as classes come back in session. Yes I am suggesting that some people take a personal hygiene hiatus during the summer.
For now that is all I got. I will continue to look for other opportunities to add to existing positions. I will also look to see if any other stocks meet my dividend paying strategy.